EARNINGS: Increases for All

One of Wall Street's favorite guessing games in recent weeks: "When will oils begin to catch up with the rest
of the market?" The answer came last week, as surging oil-company
earnings reports gave oil shares their sharpest rise since the easing
of the Suez crisis in December 1956. Standard Oil Co. (NJ.) rose 3$
points to 54⅛ as it reported earnings of $1.47 per share, v. $1.22 in
the first half last year. Gulf Oil Corp. stock added 6| points during
the week to close at 116⅛, after reporting first-half earnings of $4.38...